CBRE Capital Markets’ Debt & Structured Finance team has successfully secured a $330 million financing package for a seven-property, 2,381-unit multifamily portfolio spanning five states. The financing was completed on behalf of a multifamily fund sponsored by Indianapolis-based Buckingham Companies. The portfolio comprises residential assets located in Indiana, Ohio, Kentucky, Tennessee, and Georgia.
The financing was facilitated as a floating rate single-asset, single-borrower (SASB) loan funded by Goldman Sachs/Atlas SP Partners. The CBRE Debt & Structured Finance team included Shawn Rosenthal, Jason Gaccione, Tom Traynor, Tom Rugg, Jake Salkovitz, Henry Fenmore, Lauren Weinstein, and Justin Helbling.
“The single-borrower securitized loan allowed the fund to realize some of the value created in the portfolio through accretive renovations since acquisition,” said Rosenthal. “We were gratified to be able to assist Buckingham Companies as they continue to invest in these valuable assets.”
The multifamily properties included in the portfolio are:
– Whetstone Flats I & II in Nashville, Tennessee
– Champion Farms Apartments and Woodbridge Apartments in Louisville, Kentucky
– Fieldstone at Glenwood Crossing in Cincinnati, Ohio
– Rosemont Vinings Ridge in Atlanta, Georgia
– The Village on Spring Mill in Carmel, Indiana
This transaction underscores Buckingham’s ongoing investment in high-quality multifamily communities across the Midwest and Southeast regions.
